:max_bytes(150000):strip_icc()/Health-GettyImages-1320096222-a6bfabe8d73c465ea30d56d14446342e.jpg?w=160&resize=160,100&ssl=1 "7 Foods With More Vitamin C Than a Grapefruit")
A $15.9 billion tax cost dragged down Meta’s earnings final quarter.
The social media big and AI hyperscaler reported income of $51.24 billion, beating Wall Road’s estimates of $49.5 billion. Earnings per share got here in at $6.03, in comparison with estimates for $6.72. The inventory fell greater than 9% in after-hours buying and selling.
Heading into the 4:30 p.m. ET name with analysts, Wall Road was keen to listen to extra on its plans for capex and the way it will monetize AI. Meta not too long ago invested $14 billion in Scale AI with the aim of reaching AI “superintelligence.” The corporate is on monitor to spend upwards of $70 billion on AI initiatives this 12 months, and buyers can be listening carefully to any adjustments to that determine.
Analysts say they’re additionally listening for information on AI-driven enhancements to its advert enterprise and updates on units like its Ray-Ban AI glasses lineup.
Observe alongside for the play-by-play from the analyst name under:
:max_bytes(150000):strip_icc()/HDC-GettyImages-668641904-9179dc9fe60446d8b4d8a08fbffcf46d.jpg?w=600&resize=600,400&ssl=1 "What Happens When You Combine Turmeric and Black Pepper")
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